NWP Rockies Swing Future

Description

A daily cash settled Exchange Futures Contract based upon the daily price published by Gas Daily for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name

NG Swing GDD Futures

Trading Screen Hub Name

NWP-Rockies

Commodity Code

RSS

Settlement Method

Cash settlement

Contract Size

2500 MMBtus

Currency

USD

Minimum Price Fluctuation

The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle

Up to 65 consecutive daily Contract Periods

Last Trading Day

The Business Day prior to the Contract Period

Final Settlement

Reference Price A

REFERENCE PRICE A

NATURAL GAS-ROCKIES (KERN RIVER OPAL PLANT)-GAS DAILY

a) Ref Price A - Description

"NATURAL GAS-ROCKIES (KERN RIVER OPAL PLANT)-GAS DAILY" means that
the price for a Pricing Date will be that day's Specified Price per
MMBTU of natural gas for delivery on the Delivery Date, stated in
U.S. Dollars, published under the heading "Daily Price Survey
($/MMBtu): Rockies/Northwest: Kern River, Opal: Midpoint" in the
issue of Gas Daily that reports prices effective on that Pricing
Date.

b) Ref Price A - Pricing Date

Each day that prices are reported for the Delivery Date

c) Ref Price A - Specified Price

Midpoint

d) Ref Price A - Pricing calendar

Gas Daily

e) Ref Price A - Delivery Date

Contract Period

Final Payment Date

The third Clearing Organization business day following the Last Trading Day